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Thursday, February 1, 2018

Inheritance . . .

(from http://www.arabnews.com/node/1228151/business-economy)

". . . Trump relentlessly congratulates himself for the healthy state of the US economy, with its steady growth, low unemployment, busier factories and confident consumers. . . But in the year since Trump’s inauguration, most analysts tend to agree on this: The economy remains essentially the same sturdy one he inherited from Barack Obama. . .Growth has picked up, but it’s not yet clear if it can sustain a faster expansion. Hiring and wage growth actually slowed slightly from Obama’s last year in office. Consumers and businesses are much more optimistic, but their spending has yet to move meaningfully higher. . .“I don’t see any noticeable break over the past year,” said Michael Strain, an economist at the conservative American Enterprise Institute. “We tend to overstate the degree to which the president has the ability to control the economy.”. . . "